ayondo Ltd. (Catalist:1I5) will look for acquisitions. Ayondo on August 22, 2019 entered into three convertible note agreements worth up to S$9.9 million. For the up to SGD 8.1 million notes issue, 39.5% of the proceeds will be used for general working capital purposes, 30% will go into the repayment of loans and outstanding payments the group owes, 30% will go into business expansion via investments, acquisitions and joint ventures, while 0.5% will go into cost and expenses related to the notes issue.